Safe Pro Group (NASDAQ:SPAI) Stock Price Up 5.1% – Here’s What Happened

Safe Pro Group Inc. (NASDAQ:SPAI) shares rose 5.1% on Friday . The stock traded as high as $2.70 and last traded at $2.67. Approximately 33,085 shares traded hands during trading, a decline of 95% from the average daily volume of 652,916 shares. The stock had previously closed at $2.54.

Safe Pro Group Stock Up 5.1%

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.70 and a quick ratio of 1.34. The firm’s 50-day simple moving average is $2.93 and its two-hundred day simple moving average is $3.11. The company has a market capitalization of $40.50 million and a price-to-earnings ratio of -3.30.

Safe Pro Group (NASDAQ:SPAI) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.27) earnings per share (EPS) for the quarter. Safe Pro Group had a negative net margin of 500.73% and a negative return on equity of 363.40%. The business had revenue of $0.19 million during the quarter.

Institutional Trading of Safe Pro Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Cresset Asset Management LLC lifted its holdings in shares of Safe Pro Group by 15.2% in the first quarter. Cresset Asset Management LLC now owns 138,583 shares of the company’s stock valued at $301,000 after purchasing an additional 18,333 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Safe Pro Group in the fourth quarter valued at about $81,000. Finally, XTX Topco Ltd purchased a new stake in shares of Safe Pro Group in the fourth quarter valued at about $45,000.

About Safe Pro Group

Safe Pro Group, Inc engages in the provision and acquisition of security and protection products. Its products include Artificial Intelligence (AI) and Machine Learning (ML) software technology and photogrammetry analysis tools, bullet and blast resistant personal protection equipment, and aerial managed services and mission-critical uncrewed solutions.